Founder, Ex-CEO of Groupon HK Joins Paktor as Company Advisor, on Track to Reach 1M Users

Key Addition to Help Paktor Scale Effectively and Build Significant Business Traction

SINGAPORE--(Marketwired - May 7, 2014) - Paktor, Asia's leading dating app with operations in Singapore, HK, Malaysia, Thailand, Taiwan and more, announces Danny Yeung joins Paktor as a key company advisor, and that Paktor is on track to reach 1M users by Q2 2014.

"We're extremely excited to have Danny onboard. Danny's experience in scaling and building businesses in different industries has been tremendous, most notably having founded uBuyiBuy (acquired by Groupon) and building Groupon to be the #1 e-commerce platform in HK. Danny's insight will be extremely helpful as we expand regionally, and execute on monetization strategies," said Joseph Phua, Founder/CEO, Paktor.

"I'm thrilled to be a part of this dynamic team and believe with Paktor's growth and execution, they are the most well positioned company within the dating space to be the dominant player in the region. We've all seen the success of Tinder, and Paktor is definitely making waves toward that. My experience will be helpful as Paktor navigates the landscape to execute on its initiatives and future fundraises," commented Danny Yeung, Founder/ex-CEO, Groupon HK.

Paktor also announces that it is on track to reach 1M users in Asia by Q2 2014. "Since we launched Paktor in July 2013, one of our milestones was to get to 1M users in 12 months; we are ecstatic to announce that we are on track to achieve this. We have seen significant traction since the beginning of the year as we optimize all areas of our business," said Joseph.

Danny Yeung, a serial entrepreneur, founded his latest venture uBuyiBuy, which was subsequently acquired by Groupon after 6 months of operations. While at Groupon HK/TW, Danny led and scaled the business to revenues of over USD $100m annually, overseeing a staff of 350 and most importantly, being highly profitable.

Danny is a LP and Mentor for 500 Start-Up's SEA fund in addition to being a General Member for AngelVest.

About Paktor

Paktor is Asia's leading dating app dedicated to helping Asian singles meet other singles. Paktor emphasizes anonymity, locality, and usability for our users. We find out who you'd like to meet nearby and connect you with them if they're also interested.